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Chemical Hydrogen Generation Market Trends

Report ID: GMI9433
Published Date: May 2024
Report Format: PDF

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Chemical Hydrogen Generation Market Trends

Rising prominence of clean energy as a versatile energy carrier for various applications, including fuel cells for transportation, energy storage, and power generation will boost the dominance in the forecast period. Additionally, growing integration of chemical processes with renewable energy sources offering synergies between intermittent renewable energy generation and hydrogen production is expected to drive the industry outlook.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of chemical hydrogen generation was reached USD 88.4 billion in 2023 and is anticipated to grow at 6.2% CAGR during 2024 to 2032, driven by ongoing advancements in catalysts, reactor designs, and process optimization techniques to enhance product efficiency.

Captive chemical hydrogen generation deliver mode segment held a decent market share in 2023 and is projected to surpass USD 125 billion by 2032 on account of its cost advantages compared to purchasing hydrogen from external suppliers.

Asia Pacific chemical hydrogen generation market is anticipated to reach USD 104 billion by 2032, driven by rising implementation of ambitious energy transition plans, policies and initiatives including national hydrogen strategies.

Air Products and Chemicals, Inc., CALORIC, Cummins Inc, FuelCell Energy, Green Hydrogen Systems, HyGear, Linde plc , Nel Hydrogen among others.